Angola’s economy supports a population of 20.2 million. Its main exports are crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, and cotton. Main export partners include China, the United States, India and South Africa. Foreign investment into Angola has been primarily directed toward the oil sector.
Lex Mundi in Angola
Lex Mundi provides coverage in Angola through Angola Legal Circle Advogados, a member of the MLGTS Legal Circle, established by Morais Leitão, Galvão Teles, Soares da Silva & Associados, Lex Mundi member firm for Portugal. The firm provides specialized services to both national and international clients in all main areas of the law and in all the main Angolan industries.
Representative Experience in Angola:
- Local legal advisor to a leading international oil and gas player in the restructuring of its activities in Angola, working in close cooperation with Houthoff Buruma, the Lex Mundi member firm for the Netherlands (international counsel to the transaction);
- Local legal advisor to a group of US private equity funds in a transaction comprising the acquisition of 38 shallow water drilling rigs located in several countries from Asia and Africa. ALC Advogados advised the acquirer group in relation to the acquisition of the assets located in Angola comprised in the transaction;
- Local legal advisors to a leading Chinese bank in a long term facility granted to an Angolan telecommunications group, including the drafting and analysis of local implications of the financing documentation, security package and ancillary documentation;
- Local legal advisors to a Chinese Group, active in the exploration and development of oil and gas projects, in the acquisition of companies incorporated in Angola also active in the oil business, including advising on transaction structure, due diligence and compliance with Angolan law; and legal advisors to a leading real estate and infrastructure company active in Angola in the structuring of one of the major commercial real estate projects in Luanda.